BREAKING: cryptocom said it is cutting its workforce by almost 20% as the industry struggles from the impact of the crypto winter. By parikshitm899
profiles, Crypto.com has around 3500-4500 employees. This would make the current round of layoffs impact around 700-900 employees.as the crypto industry slowed after the collapse of the multi-billion dollar Terra ecosystem and crypto hedge fund Three Arrows Capital.
"The reductions we made last July positioned us to weather the macroeconomic downturn, but it did not account for the recent collapse of FTX, which significantly damaged trust in the industry. It’s for this reason, as we continue to focus on prudent financial management, we made the difficult but necessary decision to make additional reductions in order to position the company for long-term success," Marszalek wrote.
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